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The AI Eye: IBM (NYSE: $IBM) Joins Mayflower Autonomous Ship Project, Microsoft (Nasdaq: $MSFT) and Nuance (Nasdaq: $NUAN) Work Together to Accelerate Ambient Clinical Intelligence

 

Point Roberts, WA and Vancouver, BC - October 17, 2019 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) brings you today's edition of The AI Eye - watching stock news, deal tracker and advancements in artificial intelligence.

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The #AI Eye: IBM (NYSE: $IBM) Joins Mayflower Autonomous Ship Project, Microsoft (Nasdaq: $MSFT) and Nuance (Nasdaq: $NUAN) Work Together to Accelerate Ambient Clinical Intelligence

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Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence

Stocks discussed: (NYSE:IBM) (NasdaqGS:MSFT) (NasdaqGS:NUAN)

IBM (NYSE:IBM) has joined a global consortium of partners, led by marine research organization ProMare, that are building an unmanned, fully-autonomous ship that will cross the Atlantic on the fourth centenary of the original Mayflower voyage in September 2020. Called the Mayflower Autonomous Ship (MAS), it will leverage IBM technology, including AI, to "navigate autonomously and avoid ocean hazards as it makes its way from Plymouth, England to Plymouth, Massachusetts". Andy Stanford-Clark, Chief Technology Officer, IBM UK & Ireland, commented:

"IBM helped put man on the moon and is excited by the challenge of using advanced technologies to cross and research our deepest oceans. By providing the brains for the Mayflower Autonomous Ship, we are pushing the boundaries of science and autonomous technologies to address critical environmental issues."

Microsoft (NasdaqGS:MSFT) and Nuance Communications, Inc. (NasdaqGS:NUAN) have joined to accelerate the delivery of ambient clinical intelligence (ACI) technologies and transform healthcare. Nuance's Dragon Medical platform, conversational AI and voice biometrics will work in tandem with Microsoft Azure AI and natural language processing to "deliver a seamless and engaging interaction between clinicians and patients". Dr. James Linder, CEO of Nebraska Medicine, said:

"Physician burnout has become one of the most important concerns facing the healthcare industry today. We're excited about the early results of ACI to help clinicians focus more on patients. We look forward to the innovations our two trusted partners, Nuance and Microsoft, will deliver together."

Global AI in Fashion Market to Reach $1.26 Billion USD by 2024

A report from Markets and Markets finds that the global AI in Fashion market will grow from $228 million in 2019 to $1.26 billion by 2024 with a compound annual growth rate (CAGR) of 40.8 percent in the forecast period. An excerpt from the report's press release reads:

With the rising adoption of social media and increasing customer awareness, fashion retailers are trying to provide every best possible service to their customers to enhance trust and hold them for a longer time. Hence, product recommendation has become important to engage customers in an effective way with the growing online sales trends, fashion retailers have started deploying AI-powered recommendation systems in order to make personalized product recommendations based on shoppers buying history, style, taste, and preferences. Therefore, the growth of this application would continue to grow during the forecast period.

Fashion stores include online fashion stores and offline fashion stores that have started deploying AI technologies into their operations. The fashion store end-user segment is estimated to account for the largest size during the forecast period. Increasing deployment of cloud-based AI-powered solution by fashion retailers has enabled brands to gain a competitive advantage over other players.

Sam Mowers, Investorideas.com

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